ARA Logos Logistics Trust eyes sponsor's portfolio for growth
Its priority now is to grow its unit price to enable it to do equity capital raising, given its limited debt headroom
Singapore
ARA LOGOS Logistics Trust has high hopes of growing its portfolio through asset acquisitions from its new sponsor, Logos, which has about about six million sqm of logistics space in Asia-Pacific, across China, India, Australia, New Zealand and South-east Asia.
Unfortunately, unlike other logistics Reits on the local bourse, its unit price has not quite recovered to what it was before the March sell-off, and there might be a simple reason for that.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance